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20121201
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. it started with mr. monti's response criticism coming from officials about his renewed request for the prime minister post yesterday. he said this criticism was out of place. it was offensive not just for him, but also for all of the people in italy who have the freedom to vote. this morning, he did an interview with one of the channels here in italy and he said, i don't really care about this spread because the spread is based on fraud. that's the direct translation. meanwhile, if you take a look at the spread, they are moving higher again. 4.9%. italian equity markets are moving fractionally to the down side. so you've got mr. monti on the wire saying, yes, we should care about the spreads. we should care about the italian yields. but at the same time, italian people and investors must know that we still have a government in place. mr. monti is hitting back warning against the oversimplified promises that will be made during the election campaign. so we've got a become and forth and we should expect that to continue over the next couple of weeks. we will be speaking to one of the biggest c
previously. now, that's two months earlier. we knew that mr. monti, the technocrat prime minister was going to step down. his days were numbered, anyway. so this is just a change of the time frame. it's not a huge surprises in itself. the only surprise is the timing. markets are selling down somewhat this morning. banking stocks. but some of the economists we talked to here, they say, yes, we may see some volatility in the short-term, specifically over the next two months of campaigning because a lot of horse trading will be taking place, a lot of statements will be made which may rattle the markets, but the crux of the matter is this. if you look at opinion polls right now, as a democratic party under berlusconi, he will likely win this election. current opinion polls suggest that he will walk away with around 30%. berlusconi's party, anti-austerity, anti-german, would only walk around with around 16% of the votes. so that 16% gap will be very, very difficult to be made up just over the next two months. so that's why many people say that the earlier election date is actually positive for t
Search Results 0 to 1 of about 2